Six Companies Buy Oil from US Emergency Crude Reserve
Six companies bought 14 million barrels of oil from the U.S. Strategic Petroleum Reserve in a sale required by law to help fund medical research and the federal government, said the Department of Energy on Thursday. BP Oil Supply, Exxon Mobil Corp, Phillips 66 , Shell Trading, Valero Marketing and Supply Company, and Macquarie Commodities Trading bought oil from the reserve, which is held in salt caverns on the Texas and Louisiana coasts. No prices were immediately available. (Reporting by Timothy Gardner; Editing by Lisa Shumaker)
Gazprom Signs LNG Supply Deal with Ghana
Russian gas giant Gazprom has signed a 12-year deal to supply Ghana National Petroleum Corporation (GNPC) with liquefied natural gas, a subsidiary of Gazprom Marketing & Trading Group said on Monday. Gazprom Global LNG Limited (GGLNG) said LNG supplies were due to start in 2019. The agreement is the first stage in a planned series of partnerships between GGLNG and GNPC, with both companies working to develop the infrastructure and services required to manage and market the projected gas flows from the region, Gazprom said. It did not disclose further details. (Reporting by Vladimir Soldatkin; editing by Susan Thomas)
Ichthys Explorer Moored off Western Australia
The world’s largest semi-submersible platform, the Ichthys Explorer, has been safely moored in the Ichthys Field, 220 kilometers off the north coast of Western Australia, where it will be located for 40 years, as part of the INPEX-operated Ichthys LNG Project. Bardex Corporation supplied four moveable Chain Jacks and 28 underwater Barlatches to support the handling of 28 mooring lines. The mooring operation was completed ahead of schedule with the assistance of Bardex lifecycle services. Bardex said the use of its Clump Weight contributed to the efficient mooring up operation.
Warning on Hazards of Carrying Bauxite by Ship
A new warning that bauxite may become unstable when carried in bulk on a ship, potentially causing the vessel to capsize, has been issued by the International Maritime Organization (IMO). Bauxite is one of the world’s major sources of aluminium with around 100 million tonnes transported annually by sea. In 2015, a bulk carrier sank while transporting bauxite, with the loss of 18 seafarers. Research presented this week to an IMO Sub-Committee found that certain forms of bauxite…
Port Canaveral Resumes Operations
As of 12 noon today, the U.S. Coast Guard Captain of the Port (COTP) approved restricted commercial vessel transit through Port Canaveral to allow the port to support the arrival of critical fuel supplies destined for Florida consumers, and to receive cruise ships that were diverted from Port Canaveral prior to the arrival of Hurricane Irma. Port Canaveral previously had limited operations capability due to lack of water and limited electric power. However, this update to the port's Condition Zulu confirms the port's ability to regain full operational capability over the next few days, as efforts are well underway at Port Canaveral to resume normal operations. Port Canaveral CEO, Capt. John Murray, said, "Our ability to supply the critical fuel needs of Florida has been a priority.
Crowley Shipping Fuel to Hurricane Stricken Locales
Eighteen Jones Act petroleum vessels owned and/or operated by Crowley Maritime Corp. have been loaded to discharge gasoline and diesel into Florida ports in the coming few days. The mobilization responds to fuel shortages caused by the unprecedented evacuation of millions of Floridians ahead of Hurricane Irma. The vessels include Crowley’s MT Ohio and Florida, which were among the first tankers to bring fuel into the Port of Tampa on Tuesday along with MT West Virginia in Port Everglades. Fuel is being discharged to all of the major terminals in Florida – Jacksonville, Port Canaveral and Ft.
Croatia Invites Bids for LNG Terminal Project
LNG Croatia, the project developer of the LNG import terminal on the Island of Krk in Croatia, has called for bids for the provision of a floating storage & regasification unit (FSRU). The bids for EPC and FSRU procurement, setting a 29 September deadline for submissions will revive Croatia’s long-stalled plans to diversify its energy supply and reduce its dependence on piped gas from Russia. LNG Hrvatska says it is inviting bids in two separate tenders for the delivery of a FSRU and procurement of civil engineering works.
Marine Fuels Supplier Bomin Group Launch New Brand Identity
The Bomin Group, a leading global physical supplier and trader of marine fuels, today announced the launch of a new brand identity and website as it positions itself to deliver the company’s next phase of global growth. The shipping industry is experiencing significant change, and the fuel supply chain is becoming increasingly complex. The launch of Bomin’s new brand identity reflects this evolution, and the company’s global position within the market. The new corporate identity also underlines the company’s ethical values…
Maria Seen Strengthening into Major Hurricane
A second powerful storm in as many weeks was bearing down on a string of battered Caribbean islands, with forecasters saying Maria would strengthen rapidly into a major hurricane as it ripped into the Leeward Islands on Monday night. Maria's strength was building as it approached the Lesser Antilles, the U.S. National Hurricane Center said, estimating its winds near 90 miles per hour (145 kph). "Maria is expected to become a major hurricane as it moves through the Leeward Islands," the forecaster said, marked by "rapid strengthening" during the next 48 hours. Maria is approaching the eastern Caribbean less than two weeks after Irma hammered the region before overrunning Florida.
First Marine Type Approval for Cyber Enabled Components
As the marine industry moves towards the incorporation of digital, connected solutions onboard ships, Lloyd’s Register (LR) released Type Approval Requirements for components within Cyber Enabled Systems on board Ships. According to LR, introduction of this type approval procedure is important, as it defines a critical point in the evolution of smart technology implementation within the marine and offshore industry – delivering an assurance system that provides confidence in the market for the supply of cyber enabled components. Shipyards and designers will be able to select type approved component parts to build cyber enabled ‘smart’ ship systems with a new level of confidence and quality indication.
Guangzhou Halts Foreign Coal Imports
Port handles 60 mln tonnes/year of foreign and domestic seaborne coal. Guangzhou port, the largest coal transport hub in southern China, has halted foreign coal imports, according to traders who use the port and said they had been informed of the shutdown by customs authorities and senior company officials. Traders said the move caught merchants using Guangzhou by surprise and interpreted it as a sign of Beijing stepping up its campaign to cut pollution caused by the burning of coal.
VDL AEC Maritime to Reduce Ship Emissions
Following on from the electrification of heavy duty mobility in the form of cars, buses, automated guided vehicles and tractor units, VDL Groep intends to continue help reducing the emissions from means of transport. The family-owned international industrial business headquartered in Eindhoven will now be supplying systems for ships that comply with the latest international requirements on the emission of harmful substances. For this project, VDL has entered into a joint venture with AEC Maritime…
Hedge Funds Watch U.S. Refinery Restarts
Hedge funds are betting crude oil stocks will adjust quickly to the aftermath of Hurricanes Harvey and Irma but gasoline and distillate inventories may take more time to normalise. Hedge funds and other money managers increased their combined net long position in the five major petroleum contracts linked to crude, gasoline and heating oil by 46 million barrels in the week to Sept. 5, according to the latest regulatory and exchange data. Fund managers recovered some of their pre…
Trelleborg Suite Supplied to Prelude FLNG
Trelleborg’s marine systems operation has supplied a suite of products to Shell’s Prelude FLNG facility, the largest offshore facility ever constructed. Prelude, which is 488 meters long, 74 meters wide, and made with more than 260,000 tons of steel, will extract and liquefy natural gas from a site in North West Australia. Trelleborg supplied its gas transfer technology and SafePilot navigational and piloting systems for Prelude. “Our SafePilot solution, SSL, ESL and radio ESD for tandem condensate offload have been used on Shell’s Prelude FLNG…
In Sign of Oil Rebalancing, North Sea Floating Storage Shrinks
The volume of global price benchmark North Sea crude being held in floating storage has declined sharply since mid-August, according to shipping data and trade sources, a sign that a long-awaited market rebalancing is gaining momentum. Two supertankers being used to store North Sea crudes offshore the UK, Desimi and Gener8 Neptune, contain about 4 million barrels of oil, trade sources said. Three weeks ago, the total was closer to 10 million barrels. The clearing of the crude to destinations including China and South Korea has been encouraged by a rise in the price of Brent crude for delivery soon relative to later supplies, trade sources said, a feature known as backwardation. "The whole market is tightening up," said a North Sea trade source.
Drewry Warns BCOs to Adapt Their Contract Strategy
International transport and logistics executives using container shipping are facing the biggest shift in their ocean provider base for 20 years and must adapt their procurement and contract strategy, according to ocean freight procurement consultancy Drewry Supply Chain Advisors. In the last five years, beneficial cargo owners have been able to secure large reductions in freight costs by running traditional competitive bids with numerous providers in an over-supplied, fragmented market.
Cepsa Offers RMK500 Marine Fuel in Barcelona
Cepsa has started marketing RMK500 fuel in the Port of Barcelona to meet customer demand for this product. The Company is extending the supply of this fuel in the Mediterranean Sea after its marketing launch in other ports around the country, such as Algeciras or Gibraltar, where Cepsa is also the only supplier of this marine fuel. The Company is also incorporating a new barge in the Port of Barcelona with the aim of improving fuel supply. RMK500 marine fuel, produced by Cepsa at its refinery in Gibraltar-San Roque, is similar to FO380, with 3.5% sulfur.
Traders Scramble to Avert Regional Fuel Shortages
Mexico buys gasoline from Europe, Asia; in rare move, Europe exports diesel to Brazil. The crippling of the U.S. Gulf Coast refining hub by Tropical Storm Harvey roiled global oil markets on Thursday as traders scrambled to buy gasoline and diesel from distant markets to avert supply shortages in the United States, Mexico and Brazil. A slew of gasoline tankers has been booked over the past two days out of Europe to the United States and Latin America, with around 12.5 million barrels expected to leave the region in the first half of the month…
Kongsberg Wins EPCI Contract for LNG-fueled RoPax Ferry Newbuild
Kongsberg Maritime said it has been awarded an Engineering, Procurement, Construction and Installation (EPCI) contract with Flensburger Schiffbau-Gesellschaft (FSG), a subsidiary of Siem Group. This is the second RoPax contract that Kongsberg Maritime has been awarded at FSG. The ‘Full Picture’ contract, valued at approximately €20 million ($23 million), covers engineering, procurement and project management, maritime technology deliveries and installation on a LNG fuelled RoPax Ferry for French company Brittany Ferries Ltd.
DP System for Icebreaking Standby Vessel
A Navis NavDP4000 DP-2 system has been commissioned on board the third vessel in a series of four currently under construction on Arctech Helsinki Shipyards. This project is a further development of the two multifunctional icebreaking supply vessels Vitus Bering and Aleksey Chirikov delivered for same owner back in 2012 and 2013. The multifunctional icebreaking standby vessel is designed for year round operations in harsh conditions of Arctic waters, as she was built to Icebreaker 6 class of Russian Maritime Register. She is also designed to act as an accommodation vessel. The previously delivered Gennadiy Nevelskoy and Stepan Makarov already started operations serving Sakhalin-2 project.
Shipping’s Recovery May Not Lift Seafarer Wage Costs
Despite a recovery in cargo shipping markets, ship manning costs will remain suppressed as shipowners and operators continue to be financially challenged and the officer shortfall recedes, according to the latest Manning report published by global shipping consultancy Drewry. The lack of confidence in the industry has seen wage increases almost at a standstill since 2009, and over the past year average officer rates have slid into reverse. While there remains an overall shortfall in officer numbers…
Marlink Re-launches Sealink C-band VSAT Service
Marlink has re-launched its Sealink C-band VSAT service, this time introducing new price and service plans, enabling easier integration with existing and future Ka and Ku-band VSAT services. According to Marlink, the upgrade gives Sealink C-band VSAT users more flexibility to add alternative VSAT frequencies to their network in order to ensure availability of high-speed critical business and operational applications globally. The new Sealink C-band provides customers with a transparent and cost-efficient way of integrating existing C-band services with flexible Ka and Ku-band VSAT.
Wärtsilä Cargo Handling System for LNG Bunker Barge
Wärtsilä said it booked an order in June to supply the cargo handling system and cargo tanks for a new 3,000 cubic meter capacity liquefied natural gas (LNG) bunker barge currently under construction. The vessel, which is being built in Romania and will be outfitted in the Netherlands, will be owned by LNG Shipping, a consortium between Belgium based Victrol and CFT Corporation based in France. When delivered, it will be chartered by Shell Western LNG B.V., operating out of Rotterdam to provide the company with additional flexibility to bunker LNG fuelled ships…